Mark Zuckerberg says Meta will let go of 13 percent of its workforce - or more than 11,000 employees - in one of the biggest technology layoffs this year as the Facebook parent battles soaring costs and a weak advertising market. “Today I’m sharing some of the most difficult changes we’ve made in Meta’s history,” CEO Mark Zuckerberg said in a letter to staff.
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Global Inflation Concerns
Inflation across the developed world is surging, with the rising cost of living expenses at the highest level since the 1980s.